NOVEMBER 2016 TREB MID-MONTH STATISTICS

Greater Toronto REALTORS® are passionate about their work. They are governed by a strict Code of Ethics and share a
state-of-the-art Multiple Listing Service®. Over 45,000 TREB Residential and Commercial Members serve consumers in the
Greater Toronto Area. TREB is Canada’s largest real estate board.

November 17, 2016 – Greater Toronto Area REALTORS® reported 4,051 home sales through TREB’s
MLS® System during the first 14 days of November 2016. This result represented a 13 per cent increase
compared to the first two weeks of November 2015, during which time 3,584 sales were reported.

Sales were up strongly for all major home types except semi-detached houses. The year-over-year dip in
semi-detached transactions, both in the City of Toronto and surrounding regions, was not due to a lack of
demand, but rather a lack of available listings.

TREB Members reported 5,494 new listings between November 1st and November 14th – up six per cent
compared to the same period in 2015. While the annual growth in new listings was certainly welcome,
the rate of growth was less than that reported for sales. This means that market conditions continued to
tighten compared to last year.

The average selling price for all home types combined was $768,220 during the first two weeks of
November, representing a 20.9 per cent increase compared to a year earlier. Average annual rates of
price growth were strongest for low-rise home types, but average condominium apartment prices
continued to increase strongly as well.

Thanks to all of the real estate buyers and sellers in the GTA for following Scott and Cameron from The Weir Team via InstagramTwitterFacebook

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *